by Lisa Hinton-Valdrighi
WHITE STONE—The White Stone Town Council will hold a public hearing on a proposed $164,290 budget for the fiscal year 2019-20 at its June meeting.
“This is a ‘flat’, for lack of a better word, budget,” said councilman William Hubbard, finance committee chairman.
Last Thursday, Hubbard told council the committee had prepared a conservative budget for the coming year, “trimming the revenue and expenses” because of the closure of the White Stone branch of Union Bank & Trust.
Although council voted in December 2018 to implement a prepared meal tax and increase the town’s cigarette tax by 33% from 15 cents to 20 cents per pack, there’s no way to know whether those things will be enough to supplement the loss of the bank franchise tax…